Saudi Arabia Current Affairs - 2019

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India invited as Guest of Honour for OIC Foreign Ministers Meet

For the first time, India would be attending the Organisation of Islamic Cooperation (OIC) Foreign Ministers Meet. India will attend 46th Session of the OIC’s Council of Foreign Ministers to be held in Abu Dhabi from March 1 to 2. UAE’s Invitation for India The host UAE has stated that the friendly country of India Read More…

Month:  Categories: InternationalUPSC

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Navy Drill of Iran Velayat 97

Iran will hold a three-day navy drill Velayat 97 in a vast area of the Gulf and the Indian Ocean including a sensitive global shipping route. Features of the Velayat 97 The three-day navy drill would be held in the waters of Strait of Hormuz, Makran coast, Oman Sea and the north of the Indian Read More…

Month:  Categories: InternationalUPSC

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India-Saudi Arabia bilateral Meeting

India and Saudi Arabia held a bilateral meeting on the sidelines of the visit of Saudi Arabia’s Crown Prince Mohammed bin Salman to India. The joint statement issued on the sidelines of the bilateral meet between Indian Prime Minister Narendra Modi and Saudi Arabia’s Crown Prince Mohammed bin Salman highlights the following: Affirming that extremism and terrorism Read More…

Month:  Categories: InternationalUPSC

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India becomes Second Largest LPG Consumer and Importer

India is now the second largest consumer and importer of the LPG in the world. This is attributed to government initiatives to push for cleaner alternatives to traditional cooking fuels such as firewood and cow dung. Import of LPG The import of LPG grew by 12.5 per cent over the past five years to 12 Read More…

Month:  Categories: Business, Economy & Banking

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Digital currency: Aber

The central banks of the UAE and Saudi Arabia will launch a common digital currency called Aber. Aber will be used for financial settlements between the two countries through Blockchains and Distributed Ledgers technologies. Benefits of the Digital Currency The digital currency would be launched to explore the following benefits: The digital currency would aid Read More…

Month:  Categories: InternationalUPSC

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Saudi Arabia to join CPEC as third strategic partner

Pakistan has invited Saudi Arabia to join $50 billion China-Pakistan Economic Corridor (CPEC) as the third strategic partner. Formal request in this regard was made after Pakistan Prime Minister Imran Khan visited Saudi Arabia during his first foreign trip after getting elected. Key Facts Saudi Arabia is first country that Pakistan has invited to become Read More…

Month:  Categories: International

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India emerges as fifth largest military spender in 2017: SIPRI

According to recently released report of Stockholm International Peace Research Institute (SIPRI), India has emerged as fifth largest military spender in 2017. India had spent $63.9 billion on defence in 2017, an increase of 5.5% compared with 2016, when it was in the sixth spot overall. Key Facts Global defence spending: The world’s five biggest Read More…

Month:  Categories: Defence & Security

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